Protective Films Market worth 17.57 Billion USD by 2022 | Key Players include Nitto Denko Corporation, Saint-Gobain, 3M, Chargeurs, DuPont

According to recent market research "Protective Films Market by Class (Adhesive-Coated, Self-Adhesive), Type (Polyethylene, Polypropylene, Polyethylene Terephthalate), End-Use Industry (Building & Construction, Transportation, Electronics), and Region - Global Forecast to 2022", The protective films market was valued at USD 12.20 Billion in 2016 and is projected to reach USD 17.57 Billion by 2022, at a CAGR of 6.23% during the forecast period.

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The growth of the protective films market across the globe is fueled by increasing demand from several industries such as building & construction, due to growing demand from manufacturers for the manufacture of enhanced and more durable products, as protective films help protect surfaces from damages. The market is also driven by the increased demand from the transportation sector including both, the automotive and aerospace industries.

The adhesive-coated protective films market is projected to grow at the highest CAGR between 2017 and 2022, as these are easier to manufacture than the self-adhesive protective films and thus lead to higher production and availability. Self-adhesive protective films, on the other hand, have a complex manufacturing process, as maintaining their peel buildup and peel resistance is more difficult due to their strong dependence on several factors, such as the molecular weight distribution of the carrier polymer, its visco-elastic nature, tackiness, and others.

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The demand for protective films is rapidly increasing globally, as use of these films increases the shelf-life of products on which these are applied. This trend is observed in many end-use industries such as building &construction, transportation which include the automotive and aerospace sectors, electronics, packaging, and others, wherein the consumption of protective films is expected to see robust growth.

New product launches, expansions, and mergers & acquisitions are the key growth strategies adopted by market players to maintain and enhance their positions in the protective films market. The growth of the protective films market can be attributed to the increased demand from the building and construction and transportation industries.

Major manufacturers of protective films, including Nitto Denko Corporation (Japan), Saint-Gobain (France), 3M (US), Chargeurs (France), DuPont (US), Arkema (France), Avery Dennison (US), Hitachi Chemical (Japan), Toray Industries, Inc. (Japan), and Polifilm Group (Germany) have been profiled in this report on the protective films market. These companies have adopted several strategies, such as new product launches, expansions, and acquisitions to strengthen their positions in the protective films market.

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Nitto Denko Corporation (Japan) is one of the most active players in the protective films market. It develops various types of protective films based on different carrier materials such as polyolefin, PVC, and others and these films are applied on different substrates such as metals, plastics, aluminum panels, and others. These substrates are used in different end-use industries, such as electronics, building & construction, and transportation, among others. The company has adopted the acquisitions strategy during the past five years to enhance its position in the market. As a part of its strategy, in July 2016, Nitto Denko acquired the product line of functional films from Nolax Holding A.G (Switzerland) which are used in automotive side curtain airbags.

Saint-Gobain (France) is another company that has established a strong foothold in the protective films market. Saint-Gobain markets two product lines, CHEMFILM and NORFILM protective films, catering to a wide range of industries. The company has adopted the acquisitions and new product launches strategies to further cement its status in the protective films market. As part of its strategy, the company acquired 100% equity capital of TekBond (Brazil). TekBond is a supplier of adhesives, sealants, tapes, and masking tapes, which enabled Saint-Gobain expand its protective film business in Brazil.

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